However, one of the reasons of hope for an upturn in the property market is down to those looking to snap up some bargains - including foreign buyers. So, if you're a potential buyer from outside the US, it could be down to you to help out the property market!
Though is the property market really at rock bottom? I'd say that's very hard to call - and I'm sure there have been reports saying the same before. The market has certainly been on a downward slope for a while, so some sort of a recovery does feel due. But we can only wait and see.
Article: Survey: Florida real estate has hit bottom (29th April 2010, Miami Herald)